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Arabian Drilling Company said it is discussing contract suspensions related to three offshore rigs with Saudi Aramco.
The suspensions are for a period of up to 12 months, the onshore and offshore drilling contractor said in a statement to the Saudi stock exchange.
The impacted rigs and the timing of the suspensions are yet to be confirmed.
Arabian Drilling said it expects revenue to continue growing year-on-year with the contribution of the unconventional gas land rigs coming on stream in the third quarter of 2024.
(Editing by Anoop Menon)
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